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The real question is, why is there any brick at all?
(The answer is almost certainly that somebody other than the engineer imposed the requirement.)
Brick waterproof.
Brick termite-proof.
Brick fireproof.
Panel same (probably, depending what kind of panel).
No, panel only as waterproof as the coating protecting it. Brick is rock, takes centuries to wear out.
…masonry wainscots look tacky-as-heck but they provide impact and moisture resistance where it’s needed most…
Is masonry really cheaper than using a slightly thicker gauge of steel and a decent epoxy paint for the bottom few feet?
…it’s far more durable, mostly…